Yeah, I agree with GilmoreGirl. Not that labels could NEVER be mistaken, but they are required
to be accurate and must answer to the FDA if they are not, while whoever you heard this info from may or may not have ANY facts whatsoever to back their statement up.
ps, unsolicited advice alert!
If you're looking at the coconut oil for nutritional purposes (as opposed to just preferring it for other reasons), I would recommend you look at a less-processed variety. There are some good cold-pressed kinds that have great health benefits that might be lost in the heavier refining (and the fact that the source material is dried rather than fresh coconut) of Louann. FYI!